Beach Energy announced four new discoveries on the western flank of Australia's Cooper Basin, including three in PEL 91 and one in PEL 92. The discoveries will potentially add 1 MMbbl of oil (gross) reserves.

PEL 91

Kalladeina-2 exploration well: Located 13 km north of Bauer oil field; encountered a gross oil column of 8m in the McKinlay/Namur interval; McKinlay interval was drill stem tested (DST) and flowed oil to surface at a rate of 986 Mbbl/d

Sceale-1 exploration well: Located 4.5 km south of the Kalladeina-2; encountered a gross oil column of 6m in the McKinlay/Namur interval; the McKinlay zone was flowed at a rate of 830 bbl/d during a DST

Congony-1 exploration well: Located 2 km south-west of the Kalladeina-2 well; encountered a gross oil column of approximately 6m in the McKinlay/Namur interval

Beach Energy announced four new discoveries on the western flank of Australia's Cooper Basin, including three in PEL 91 and one in PEL 92. The discoveries will potentially add 1 MMbbl of oil (gross) reserves.

PEL 91

Kalladeina-2 exploration well: Located 13 km north of Bauer oil field; encountered a gross oil column of 8m in the McKinlay/Namur interval; McKinlay interval was drill stem tested (DST) and flowed oil to surface at a rate of 986 Mbbl/d

Sceale-1 exploration well: Located 4.5 km south of the Kalladeina-2; encountered a gross oil column of 6m in the McKinlay/Namur interval; the McKinlay zone was flowed at a rate of 830 bbl/d during a DST

Congony-1 exploration well: Located 2 km south-west of the Kalladeina-2 well; encountered a gross oil column of approximately 6m in the McKinlay/Namur interval

Beach Energy said Kuwait Energy had made an oil discovery at the El Salmiya-2 well, Abu Sennan, Egypt. During a drill stem test, flow from the Kharita Formation included 3.5 Mbbl/d of liquids and 4.7 MMcf/d of gas. The test was undertaken through a 1” choke, with the well flowing naturally for six hours.

The oil column within the Kharita Formation had a measured depth of 68m and a vertical depth of 49m. Kuwait Energy estimated gross 2P reserves of 18.5 MMbbl of oil and 142 Bcf of gas in the Kharita Formation only. An extended production test has commenced and will provide further data.

Beach Energy said Kuwait Energy had made an oil discovery at the El Salmiya-2 well, Abu Sennan, Egypt. During a drill stem test, flow from the Kharita Formation included 3.5 Mbbl/d of liquids and 4.7 MMcf/d of gas. The test was undertaken through a 1” choke, with the well flowing naturally for six hours.

The oil column within the Kharita Formation had a measured depth of 68m and a vertical depth of 49m. Kuwait Energy estimated gross 2P reserves of 18.5 MMbbl of oil and 142 Bcf of gas in the Kharita Formation only. An extended production test has commenced and will provide further data.